Interesting that the fha partial claim is available to fha bad credit situations

Here is an answer to the fha partial claim question that was asked on HUD's website for the partial claim questions/answers.

Answer: Yes, when using a Preforeclosure Sale after a Partial Claim was provided on an earlier default, you must include the amount of the Partial Claim when calculating total indebtedness for the purpose of a Preforeclosure Sale. In order to be in compliance, mortgagees must include the unpaid principal balance, accrued interest, and the partial claim amount to correctly calculate the total outstanding mortgage indebtedness. HUD must net a minimum 82% of the sales proceeds from the Preforeclosure Sale. Refer to Mortgagee Letter 2003-19, dated November 20, 2003.

There are many loan modifications for fha loans that are taking place. This is not to be confused with teh fha secure initiative and fha program that is available to refinance an fha loan. Take a look at all of your foreclosure avoidance options and then lower your interest rate and payments if possible to avoid foreclosure. Sometimes in florida the short sale is the better options and sometimes the fha mortgage refinance is better. Learn all of the forbearnace and foreclosure options first and then choose the best foreclosure avoidance strategy for your situation. SOmetimes this results in a 1099 for cancellation of debt and sometimes the mortgage forgivenes act is applicable. Talk to your accountant too. The FHA secure details are following in a supplementary blog post.

FHA FULL CLAIM & FHA PARTIAL CLAIMS

CHeck Out How Easy FHA Secure is These Days!

FHA Secure has eased the guildines to save peopel from foreclosure! You can now save your home from foreclosure with the FHA Secure refaince. Yes it is secure and it is fhasecure and it can secure a low mortgage payment for you.

The FHA secure guidelines are easier to qualfy for and you may trade in a crummy subprime arm for an fhasecure laon. This is definitely a case of fha helping homeowners to lower the rate to an new fhasecure mortgage loan.

FHA Secure mortgage lenders.

FHASECURE.

This is a secure fha loan and it is called FHA Secure.

Somebody Said Subordination Agreement for FHA!

Somebody was selling FHA subordination agreement at the baseball game. The FHA subordination agreement allowed a CLTV higher than 100%. I said this will never work. The FHA title company must prepare the FHA subordination agreement and the lender who is direct endorsement underwriter will never allow an fha subordination agreement purchased at a baseball game.

This went on for a few hours and the FHA lender talked to the fha umpire who said that the fha subordination agreement was sufficient for closing an fha loan as long as the loan was not insured by HUD. Well....I said....that doesn't make it much of an FHA loan afterall. You can keep your fha subordination agreeement in that case. I'll take my CLTV elsewhere.

"Get your FHA subordination agreement!", we heard as we left the baseball game.

Who was playing you ask?

Fremont Investment & Loan v. Alphonso Jackson.

This is indeed a strange post about the fha subordination agreement.

Secrets of Loan Officer Marketing Singing

Give me a loan officer marketing if you've got your funky mortgage fare HO

There's a loan officer marketing comin' down the street
Movin pretty fast
So kinda shuffle your feet
Get on the mortgage and pay your fare
And tell the driver that you're
Goin' to a Double Dutch Affair
Fe Fi Fo Fum
Well I'll be darn here it comes
The Loan officer marketing is on the street
You'd better get off the curb
Move your feet

Mortgage fare trans-pass
That's the way my money lasts
Ain't got no car to get around
When I go to work I've gotta go downtown
Now I've missed my train
That's a darn shame
When I'm running late no sleep's to blame
If you've gotta wife you know I'm right
Gotta special man well I can understand
Uptown, downtown everybody's getting down
Say uptown say downtown
Well I've missed my mortgage I know I'm late
I've gotta do something I know I hate
I'm gonna walk to work fifteen blocks
I already got a hole in my socks
Go ahead and laugh that's okay
Cause what I really wanna say
I got bad feet my corns hurt
To top it off I'm late for work
Let me tell you what I say
When I'm dealing with the funky sidewalk
Let me show you how to walk
When I gotta do my funky walk
Let me tell you what I say
When I'm dealing with the funky sidewalk
I say sssssssss-sugar

(*children sing)

Iza gazirls yizo hizak mizo izak
wiza sizno tagiza kiza pizas kizah
(*asalizan nizo iso izane)
yizo pizo damizo
(*asalizan wilze isa mu zuve)
suza kuza muza muza bu baby
(*wilza isa pilza in dizouble dizuch, dizouble dizuch, dizouble dizuch)
(*wilza isa pilza in dizouble dizuch, dizouble dizuch, dizouble dizuch)
muzaQza silzabuza Qza duza Double deQza
(*Kizu?)
makizirl
(*dwilzingagizam)
izokiza
(*izowiezi)
izokiza
(*izowizie nizam wizie wilzu suzee)


Bip, bomp, bam alakazam
But only when you're grooving
With the Double Dutch Man
Put on your skates don't forget your rope
Cause I know I'm gonna see you
At my Double Dutch Show
Rebecca, Lolita, Veshawn and Dawn
Everytime you do the Double Dutch you really turn it on '
Bilzarbra, Mitzery, Milzetty, Kilsan
Tilzommy, Kitzerrance, Kilzommy that's my man
Come on, get on, my Loan officer marketing

(*The Loan officer marketing)

Let me hear you say - do that
(Do that)
Let me hear you say - do that again
(Do that again)
Let me hear you say do the do
(Do the do)
Let me hear you say do the do the do
(Do the do the do)
Do the do da do da do do do(Do the do da do da do do do)

Sing the loan officer marketing song by scrolling back to the top and do it again!

Many more loan officer marketing songs on other loan officer marketing sites!

This Flip is Your Flip

Chorus:

This flip is your flip, this flip is my flip From California, to the New York IsflipFrom the redwood forest, to the gulf stream watersThis flip was made for you and FHA
As I was walking a ribbon of highwayI saw above FHA an endless skywayI saw below FHA a golden valleyThis flip was made for you and FHA

Chorus

I've roaFHAd and rambled and I've followed my footstepsTo the sparkling sands of her diamond desertsAnd all around FHA a voice was soundingThis flip was made for you and FHA

Chorus

The sun coFHAs shining as I was strollingThe wheat fields waving and the dust clouds rollingThe fog was lifting a voice coFHA chantingThis flip was made for you and FHA

Chorus

As I was walkin' - I saw a sign thereAnd that sign said - no tress passin'But on the other side .... it didn't say nothin!Now that side was made for you and FHA!

Chorus

In the squares of the city - In the shadow of the steepleNear the relief office - I see my peopleAnd soFHA are grumblin' and soFHA are wonderin'If this flip's still made for you and FHA.

FHA Flips Information

Rules on FHA FLipping Properties

Learn FHA Flip Terminology

My Flipping FHA Loan

We're on a bankruptcy FHA mortgage kick

Kick me in the bankruptcy! Said the direct endorsement underwriter. I think she may have been eating an ddrinking too much of the 4155, but when she got to the compensating factors for debt ratio she said "bring the fha bankruptcy loans to me!"

Well what was I to say? I said of cours I will bring you bankrupt fha borrowers who have recovered from teh bankruptcy through fha buyouts of chapter 13 loans and you can approve them even if they have been turned down elsewhere for fha mortgage loans.

At this point the mortgage loan borrowers for fha were stirred up in an fha frenzy and they all left the bankruptcy trustees and headed to florida to refinance with an fha mortgage loan. I was asking the loss mitigation department at bank of america if they though th ebankruptcy buyout was a fine idea for an fha borrower and haven't gotten a returned call yet. Loss mitigation never returns calls buy the way.

FLORIDA MORTGAGE LOANS are easier than fha bankruptcy mortgages if that makes sense then at least one of us understood what was being typoed today. Have a nice fha bankruptcy mortgage loan! STudy your FHA lending guidleines!

Together we can all avoid foreclosures in florida. This may result in a lien relese or lien satisfaction through a florida short sale with creative financing in florida.

Help My Short Sale

Help my short sale is a foreclosure way to go. You say you need help with your short sale. Do you have tell tale signs of foreclosure? Do you have a foreclosure summary judgment approaching.

Maybe you are in foreclosure and have a short sale to investigate.

Look for more foreclosures in the weeks ahead.